30 May 2023
LEMBAGA LEBUHRAYA MALAYSIA XXXX
- Citation
- BA-15-223-11/2016 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-15-223-11/2016 (Mahkamah Tinggi)
The court maintained the Land Administrator's market value award (RM636.00 per sqm; total RM3,696,432.00) because assessors' comparable-based valuations supported it and Vital Century was limited by Paragraph 4 of the First Schedule to amounts claimed at inquiry; all consequential awards for termination of SPAs (RM28,873,325.95), termination of JVA (RM8,000,000.00), marketing fees (RM3,975,391.95), development costs (RM1,503,654.90) and agents' fees (RM110,892.96) were set aside due to lack of admissible evidence, contractual inapplicability, improper claimant status and significant indicia o…